Answer:
the amount of the impairment loss is $50,000
Explanation:
The computation of the amount of the impairment loss is shown below:
Impairment loss = Purchase price of trade marks - Estimated fair value
= $70,000 - $20,000
= $50,000
Hence, the amount of the impairment loss is $50,000
The same should be considered and relevant
Answer:
a. units completed by a production department in the period.
Explanation:
An equivalent unit of production -
It is the amount of work which is done by the manufactures on the units of the output , which are completed over the specified time period .
It includes the fully completed units as well as the partially completed units .
These equivalent units are useful for the production cost report of the company .
Hence , the correct statement for equivalent unit of production is , ( a ) .
Answer:
$1000
Explanation:
Given the policy coverage = $30000
The amount of deductible = $1000
Total damage of the car when the accident occurred = $6200
Below is the calculation to find the amount that Frank has to pay:
The amount payable by Frank out of pocket = Deductible amount
The amount payable by Frank out of pocket = $1000
Answer: Option (B) is correct.
Explanation:
Correct option: Any central bank purchase of assets results in an increase in the domestic money supply, while any central bank sale of assets causes the money supply to decline.
This is basically one of the monetary policy instrument which helps the central bank in order to control the money supply in the economy.
If central bank wants to contract the money supply then central bank sell some of the assets in the market to reduce currency in circulation. After the implementation of this policy, domestic consumers left with less cash in hand and hence they demand less.
On the other hand, if central bank wants to increase the money supply then central bank purchase some of the assets from the market to increase the currency in circulation. After the implementation of this policy, domestic consumers are with more cash in hand and hence they demand more.
∴ This is the statement that is most correct.
